Stock Name: KepT&T
Company Name: KEPPEL TELE & TRAN
The brokerage also noted that KPTT could also expand its interest in its Vietnamese logistics joint venture following a lifting of foreign investment restrictions in the country. Management is also eyeing acquisitions in Asia.
Company Name: KEPPEL TELE & TRAN
| Research House: CIMB | Price Call: BUY | Target Price: 1.57 |
CIMB Research has initiated coverage of logistics firm Keppel Telecommunications & Transportation (KPTT) (KTEL.SI) with an outperform rating and a target price of $1.57.
KPTT’s data-centre operations is a key growth driver and the firm is also expected to increase warehouse capacity in Singapore and China, CIMB said.
KPTT’s data-centre operations is a key growth driver and the firm is also expected to increase warehouse capacity in Singapore and China, CIMB said.
The brokerage also noted that KPTT could also expand its interest in its Vietnamese logistics joint venture following a lifting of foreign investment restrictions in the country. Management is also eyeing acquisitions in Asia.
KPTT’s stock remains undervalued, and catalysts for a re-rating could come from major acquisitions and contract wins, CIMB said.
At 10:44 a.m., shares of KPTT were 2.3% higher at S$1.34. They have fallen about 5% since the start of the year.
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